Updated Aug 19, 2026
Niko Apostal Of Essex Three-Twelve Represents Sellers In $985,000 Chicago Multifamily Sale
3438 North Seeley Avenue
$985,000
Units
3
Asset Type
MultiFamily
Closing
Aug 17, 2026
About this deal
AI
The multifamily property located at 3438 North Seeley Avenue in Chicago, IL, features three units and was sold for $985,000. The price per unit amounts to $328,333. The property is situated in the Roscoe Village neighborhood, known for its vintage architecture.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $985,000
- Units: 3
- Price Per Unit: $328,333
- Market: Chicago, IL
- Broker: Niko Apostal - Essex Three-Twelve
The sellers were represented in the transaction by Niko Apostal, the Managing Broker of Essex Three-Twelve. A neighboring buyer acquired the property with plans to preserve the vintage building and convert it into a single-family home, following consideration of more than a dozen offers on the property.
Players
Chicago MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
16.10%
Cash-on-Cash
-4.60%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93